Apple lists no known issues with this build and asks developers to focus their testing on the following components of Mac OS X: AddressBook, GraphicsDrivers, iCal, iChat, iCloud, Mac App Store, Mail, MobileMe, Safari, Spotlight, and Time Machine.
The Mac OS X 10.7.2 update will likely be released around the same time as iCloud, which could happen within the next month and a half.
At this time, Apple hasn't released any updates on the iOS side of things, but a rumor from earlier this week claims that iOS 5 beta 8 will be released sometime today. We'll keep you posted if/when that happens.
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